Families Are Given Estate Planning Advice With Tri-County FL Area Estate Planning Attorney
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If you happen to have a very large family, you're going to have a very complicated will as well. This is definitely the case when your asset value exceeds the threshold for taxes within the state you live. Even though there is not currently an estate tax in the state of Florida estates that are over $5,490,000 in 2017 require federal estate tax returns to be filed (remember that this number could be higher in the future).
There are times when a Broward-Palm Beach-Dade TriCounty FL estate planning lawyer with sufficient knowledge of estate taxes can assist you in lowering your estate value below this threshold through the use of trusts and gifts. This can b very important to your loved ones and will allow you to pass more wealth down.
Even if you do not hit the threshold, you need to make a will if you have property you don't want to pass on to your spouse or children - if you do not, the state will make the choice for you according to some strict rules.
This means that if the grand piano is supposed to go to your sister, you can make sure that she gets this item by drafting a will. This is also true for stepchildren who have not been adopted if you want to pass assets on to them.
A good estate planning lawyer will help you draft a will that meets your goals and keeps the transfer of property smooth, with no arguments. For high value estates, you also need a lawyer who can handle probate, estate administration, and filing those pesky tax returns for you.
Wills should be made by all those who have large families or lots of money. As such, you should get in touch with an estate planning attorney to get helpful advice on how to handle things properly. Choosing a lawyer is incredibly important and requires you to look beyond professional advertisements.
There are times when a Broward-Palm Beach-Dade TriCounty FL estate planning lawyer with sufficient knowledge of estate taxes can assist you in lowering your estate value below this threshold through the use of trusts and gifts. This can b very important to your loved ones and will allow you to pass more wealth down.
Even if you do not hit the threshold, you need to make a will if you have property you don't want to pass on to your spouse or children - if you do not, the state will make the choice for you according to some strict rules.
This means that if the grand piano is supposed to go to your sister, you can make sure that she gets this item by drafting a will. This is also true for stepchildren who have not been adopted if you want to pass assets on to them.
A good estate planning lawyer will help you draft a will that meets your goals and keeps the transfer of property smooth, with no arguments. For high value estates, you also need a lawyer who can handle probate, estate administration, and filing those pesky tax returns for you.
Wills should be made by all those who have large families or lots of money. As such, you should get in touch with an estate planning attorney to get helpful advice on how to handle things properly. Choosing a lawyer is incredibly important and requires you to look beyond professional advertisements.
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When you are looking for the facts about a Tri-County Area FL estate planning lawyer, come to our web pages online today. More details are available at http://www.trustwallach.com/ now.
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